THE Federal High Court sitting in the Ikoyi, area of Lagos State has ordered the final forfeiture of the sum of N1,292,798,746.81 to the Federal Government in favour of Sterling Bank Plc. The money had been criminally withdrawn by some individuals owing to a system glitch experienced by Sterling Bank. …
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Sterling Bank Scraps Transfer fees on ‘OneBank’
Sterling Bank has scrapped transfer fees on its OneBank digital platform, in a bold move that promising to reset the rules in the Nigerian banking sector. Chief Executive Officer of the bank, Abubakar Suleiman, revealed this during a news conference in Lagos. He said the initiative reflects the bank’s commitment …
Read More »Police Indict Sterling Bank For Alleged “$28.3m Money Laundering, Fraudulent Deductions”
Sterling Bank Limited and its holding company, Sterling Financial Holdings Company, have been accused by the Nigeria Police Force of money laundering, fraudulent deductions, and other financial crimes. A report by The Witness newspaper, said this was contained in a report presented to the House of Representative Committee on Public …
Read More »Sterling Bank To Digitise Higher Education With Africa EDUCare
Sterling Bank Plc, has signed a memorandum of understanding (MoU) with Africa EDUCare, a disruptive innovation educational and healthcare solutions company, to transform higher education in Nigeria with ‘Unify’; Sterling’s innovative education management solution. The signed MoU is conceived to deploy Unify to transform education and administrative management, and to …
Read More »Easter: APCON To Sanction Sterling Bank For ‘Provocative’ Agege Bread Advert
The Advertising Practitioners Council of Nigeria on Monday described as offensive and provocative, an Easter advert by Sterling Bank Plc comparing the resurrection of Christ with the rising of Agege Bread. APCON also said the advert copy was not submitted for approval before it was made public. In a statement …
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